Business

Oil price rises above $117 a barrel amid fears US will renew strikes on Iran

The Guardian Business·Oct 23, 2026 · 11:48 AM CT
Read the original at The Guardian Business
Readthrough summary

Brent crude rose about 3.5% Friday to pass $117 a barrel at one point, its highest since April, after Tehran threatened Gulf oil facilities, undersea cables and data centers if a new US-Israeli offensive is launched. It later eased to just over $116; Brent was around $72 in February before the Iran war began.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at The Guardian Business.

Read the original at The Guardian Business

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